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Jet2 Continues £100m Buyback with Purchase and Cancellation of 84,355 Shares

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Jet2 Continues £100m Buyback with Purchase and Cancellation of 84,355 Shares

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The latest update is out from Jet2 PLC ( (GB:JET2) ).

Jet2 plc has continued its share buyback activity under its previously announced programme of up to £100 million, repurchasing 84,355 ordinary shares on 3 February 2026 at prices between £12.50 and £12.70, with a volume-weighted average price of £12.5765. The company plans to cancel these shares, a move that will reduce the number of shares in issue and can enhance earnings per share, signalling ongoing capital management efforts that may be viewed positively by shareholders in the current leisure travel market environment.

The most recent analyst rating on (GB:JET2) stock is a Buy with a £1371.00 price target. To see the full list of analyst forecasts on Jet2 PLC stock, see the GB:JET2 Stock Forecast page.

Spark’s Take on GB:JET2 Stock

According to Spark, TipRanks’ AI Analyst, GB:JET2 is a Outperform.

Jet2 PLC’s strong financial performance, strategic growth initiatives, and undervaluation relative to peers are significant strengths. The company’s robust earnings call and proactive corporate events, such as the share buyback program, further enhance its investment appeal. However, concerns about cash flow and rising operational costs slightly temper the overall outlook.

To see Spark’s full report on GB:JET2 stock, click here.

More about Jet2 PLC

Jet2 plc is a UK-based leisure travel group, operating in the tourism and aviation sectors through airline and holiday services focused on package holidays and scheduled leisure flights to popular vacation destinations.

Average Trading Volume: 595,149

Technical Sentiment Signal: Sell

Current Market Cap: £2.34B

For a thorough assessment of JET2 stock, go to TipRanks’ Stock Analysis page.

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